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Mikang Kim, QKA

Operations Manager, Betterment for Business

Mikang Kim, QKA

About Mikang

Mikang has been overseeing the operational aspects of annual compliance and overall plan administration for 401(k) plans. She has experience in retirement wealth management and holds credentials under ASPPA. She desires to ease and simplify 401(k) administration under a heavily regulated industry for employers and its employees.

Articles written by Mikang

Understanding 401(k) Compensation

Using an incorrect definition of compensation is on the top ten list of mistakes the IRS sees in voluntary correction filings.

True-Ups: What are they and how are they determined?

You've been funding 401(K) matching contributions, but you just learned you must make an additional “true-up” contribution. What does this mean and how was it determined?

Pros and Cons of Safe Harbor and Traditional 401(k) Plans

Both types of plans can successfully help employees save for retirement, but each has its pros and cons. Learn which type of plan might be better for your organization.

All About Vesting of Employer Contributions

Employers have flexibility in defining their plan’s vesting schedule, which can be an important employee retention tool.

CARES Act and 401(k)s: Additional IRS Updates

The latest notice from the IRS expands the definition of those qualified to take advantage of CARES Act 401(k) distribution and loan relief.

What is a 401(k) Plan Audit?

If an audit of your 401(k) plan is required, Betterment can help you understand what to expect and how to prepare.

What is a Fidelity Bond?

401(k) plan sponsors are required to purchase a fidelity bond to protect the plan against fraudulent or dishonest acts. Here are answers to common questions.

DOL Rules that 401(k) Notices Can Be Sent Electronically

The new “Notice and Access” Rule provides relief to the expense and burden of distributing required 401(k) notices to employees.

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